The $2 trillion stimulus bill that authorized direct checks to millions of Americans is a sprawling and complicated piece of legislation — true story.
But here’s another true story: your money is yours to save, spend, invest or donate because it’s not a loan Uncle Sam is expecting you to pay back.
Stimulus checks are starting to pour into Americans’ bank accounts, but so are some misunderstandings on the rules for the money.
The “pay back” myth is one of them, aided by erroneous social media posts, but there are other misconceptions and questions out there about the payments that lawmakers hope will help Americans get through the coronavirus outbreak.
…
Source marketwatch.com